For swing trading, it's crucial to identify stocks with strong momentum and bullish chart patterns. Here are the criteria we used to find suitable stocks:
- High Relative Strength Index (RSI)
- Positive Short-Term Momentum
- 3-Day Percentage Change > 0
- Consistent Upward Trend
- Closing Price > 5-Day, 10-Day, and 20-Day Moving Averages
- 20-Day Moving Average > 50-Day Moving Average
- 50-Day Moving Average > 200-Day Moving Average
- Bullish Chart Pattern
- Formed a bullish pattern, such as flat base, hammer pattern, breakout from inverse head & shoulder pattern, bullish flag, or cup and handle pattern
- High Trading Volume
- Trading Volume > 1 million shares
- Sufficient Market Capitalization
- Market Capitalization > $1 billion
After sorting by percentage change, the 10 stocks that meet these criteria are:
These stocks demonstrate strong momentum and bullish chart patterns, making them potential candidates for swing trading.